Guggenheim’s Minerd Calls Topping 3% ‘Beginning of the End’
- Says Fed risks falling behind the curve, should hike in March
- Manager oversees about $250 billion for Guggenheim Partners
Minerd: 3% Yield Is the Beginning of the End
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Scott Minerd, who oversees $250 billion as chief investment officer for Guggenheim Partners, said benchmark 10-year Treasury yields could upend their long-term trend if they pierce 3 percent.
“It’s basically the beginning of the end,” Minerd said in a Bloomberg Television interview on Thursday. “Long-term trends like this don’t reverse quickly,” he added, saying yields might spend years building a new base before truly taking flight.